4251 EMERSON AVE N MINNEAPOLIS MN 55412

PID: 0402924120012

Property Overview

Parcel ID0402924120012

Lot Size11,579 sq ft (0.266 ac)

Lot Dimensions (est.)135 ft wide × 86 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerSOTERIA PROPERTIES LLC

Assessed Value$346,100

Land Value$46,000

Building Value$300,100

Annual Tax$6,511

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

ResNov 2024Closed

CenterPoint Energy Resource Corp

ResNov 2022Closed

D & K Plumbing LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Webber - Camden · Minneapolis

Median reported rent717/mo

Renter-occupied29.2%

Median home value$230K

Vacancy rate2.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1002

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width122 ft

Buildable depth46 ft

Area~6,913 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 6,913 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4247 EMERSON AVE N MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TRST	—	$327,000	65 ft
4243 EMERSON AVE N MINNEAPOLIS MN 55412	SEIGONGHYR W KORTI JR	RESIDENTIAL	$270,100	108 ft
4301 EMERSON AVE N MINNEAPOLIS MN 55412	SAMIE-MAE & ADRIAN COULTER	RESIDENTIAL	$331,700	128 ft
4250 FREMONT AVE N MINNEAPOLIS MN 55412	MICHAEL E WILDER/CASEY FRITZ	RESIDENTIAL	$338,000	135 ft
4242 FREMONT AVE N MINNEAPOLIS MN 55412	JAMES TAYLOR	APARTMENT	$595,000	148 ft
4241 EMERSON AVE N MINNEAPOLIS MN 55412	ATM PROPERTIES LLC	TRIPLEX	$378,600	161 ft
4307 EMERSON AVE N MINNEAPOLIS MN 55412	HANS ERICKSON	RESIDENTIAL	$231,900	178 ft
4300 FREMONT AVE N MINNEAPOLIS MN 55412	ANNA GERDEEN	RESIDENTIAL	$250,400	187 ft
4238 FREMONT AVE N MINNEAPOLIS MN 55412	ESTOREMASTERS LLC	VACANT LAND-RESIDENTIAL	$0	191 ft
1119 43RD AVE N MINNEAPOLIS MN 55412	AIMEE FARRELL/TERRY FARRELL	RESIDENTIAL	$344,300	192 ft

Property History

Most Recent Sale

Date202204

Price$303,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,511